Smart saving for kids
Smarter spending leads to wiser saving
Whether you’re starting a Saturday job or off to Uni, money will always be really important. And while all of us would love to have more, how you manage it can make a real difference to what you can spend or even getting the stuff you want. By sensible budgeting and planning ahead with savings goals, you can stretch the money you have further.
- Watch your everyday purchases - Do you need a big-brand soft drink or the latest glossy magazine? Saving a fiver each week might not seem a lot, but over a year this could give you extra spending money – hello holiday abroad!
- Understand what you spend vs. what you save - From any money you’ve earned, or had as a gift, remember to do just one thing – keep more than you spend. A budget planner is just one of a range of tools that can help you do this.
- Earn some extra cash - Your parents may encourage you to earn some money, by doing jobs around the house, babysitting or cutting neighbours’ lawns. Doing these tasks also helps build the basis of a CV and an understanding of why a good work ethic is important. Combine this with a good attitude towards saving and you’re on your way to getting the things you really want. For more advice on budgeting, and some helpful tools, please visit our managing your money section.